Reading Time: 2 minutes MarketsFarm — While Argentina is headed to one of its worst soybean harvests in decades, the U.S. Department of Agriculture (USDA) attaché in Buenos Aires projects a huge turnaround in 2023-24. Argentina is the world’s third-largest grower of soybeans — a fair amount less than Brazil and the U.S., but a lot more than other […] Read more
Argentina soybeans expected to go from horrible to great
El Nino expected to improve growing conditions
Vast tracts of drought-hit Argentine soy fields seen going unharvested
Yet more cuts to production possible
Reading Time: < 1 minute Buenos Aires | Reuters — Argentina’s Buenos Aires grains exchange on Thursday said farmers would likely leave large tracts of soy fields unharvested due to damage from a historic drought, which could lead to more cuts to its 25 million-tonne production forecast. Argentina is the world’s top exporter of soybean oil and meal, but its […] Read more
U.S. grains: Soy sags as Brazil’s harvest looms
Wheat mixed, corn ends firm
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell about one per cent on Wednesday as traders focused on the expanding harvest of a likely record-large soy crop in Brazil and positioned for the U.S. Federal Reserve’s decision on interest rates, analysts said. Wheat futures ended mixed, with the most-active March contract down on profit-taking, while […] Read more
Pulse weekly outlook: Chickpea prices up ahead of India harvest
Early outlook calls for more Canadian acres in 2023
Reading Time: 2 minutes MarketsFarm — Western Canadian chickpea prices are still on the rise while prices for other pulse crops are coming down as supply increases. High-delivered bids for Kabuli and B-90 types of chickpeas rose four cents per pound over the past week, according to Prairie Ag Hotwire on Jan. 23. As a result, the nine- and […] Read more
Worst drought in decades sees Argentina exchange slash soy, corn forecasts
Reading Time: 2 minutes Buenos Aires | Reuters — Argentina’s Rosario Grains exchange sharply cut its forecast for the 2022-23 soybean harvest to 37 million tonnes from a previous forecast of 49 million, it said on Wednesday, as the country faces its worst drought in 60 years. The exchange also slashed its 2022-23 corn harvest estimate to around 45 […] Read more
Pulse weekly outlook: 2022 a ‘good year’ for Manitoba pulses, soy
Reading Time: 2 minutes MarketsFarm — Despite a rough start to southern Manitoba’s growing season, Manitoba Pulse and Soybean Growers executive director Daryl Domitruk was content with how 2022 came to pass. “For pulses and soybeans, it was generally a good year as a result of some very good yields in soybeans and some quite good yields in dry […] Read more
Large gap between StatCan, USDA canola estimates
USDA sticks closer to StatCan expectations on wheat
Reading Time: 3 minutes MarketsFarm — There’s a significant difference in the amount of canola grown in Canada during 2022-23, in the estimate from Statistics Canada (StatCan) compared to that from the U.S. Department of Agriculture (USDA). Earlier in December, StatCan’s survey-based production of principal field crops report pegged this year’s canola harvest at 18.17 million tonnes. That’s a […] Read more
Manitoba nets average crops in 2022 after wet spring
Reading Time: 3 minutes MarketsFarm – Wet spring conditions delayed seeding operations across much of Manitoba to start the 2022 growing season, but warm summer conditions allowed for good development with yields for most crops showing a marked improvement over the drought-stricken 2021 harvest, according to the final crop report of the season from Manitoba Agriculture. On a crop-by-crop […] Read more
ICE weekly outlook: Canola sees choppy, sideways month-end trade
Wide crush margins remain bullish
Reading Time: < 1 minute MarketsFarm –– ICE Futures canola contracts held within a narrow range during the week ended Wednesday, lacking any clear direction with the rolling of positions out of the nearby November contract ahead of its expiry behind much of the trade volumes. “We’re stuck a little rangebound here,” a Winnipeg-based trader said of the sideways activity, […] Read more
Pulse weekly outlook: Manitoba’s dry beans, peas show strong yields
Reading Time: 2 minutes MarketsFarm — With the return of typical temperatures and healthy amounts of precipitation throughout the growing season, Manitoba had successful pea and dry bean crops during the 2022-23 marketing year, according to the province’s pulse specialist. Dennis Lange of Manitoba Agriculture said both crops showed high yields from their respective harvests. The Manitoba pea harvest […] Read more
A message from April Stewart, Country Guide's Associate Editor
